It can be difficult to reconcile a desire to not be wasteful with the benefits of regularly purchasing phone upgrades. This concern is all the more salient due to the unique impact that smartphones have on the environment, both during production and after disposal.
Fortunately, by selling your used phone through one of the following online services, you can help prevent waste while also making some money from the old phone.
By selling your used phone, you can also earn a little extra money and make room in your budget with very little effort on your part.
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Bonanza is a platform similar to eBay that allows sellers to list a wide range of new and used products, including phones. It is free to list an item on Bonanza.
However, there is a final value fee of 3.5% for item sales under $500.Additionally, there’s a final value fee of 3.5% plus 1.5% of the value exceeding $500 for item sales above $500. You are responsible for wiping your phone, choosing the sale price, and paying for shipment.
2. Buyback Boss
Buyback Boss is an online platform that buys used or broken phones. You simply need to visit their website, get a quote, and print a prepaid shipping label to attach to your shipment. You should receive payment for your phone within two days of the device reaching the facility. The entire process is free on your end.
Decluttr is a service that allows users to buy and sell used devices. Sellers can visit their website to get a quote and print out a prepaid shipping label for the phone. Typically, your payment will be transferred the following business day after the company receives your phone. This process is free for you.
eBid is an online marketplace that allows users to sell a wide range of products, similar to eBay. You can list your used or new items (including phones) for free, but upon sale, you will be charged a 5% final value fee.
In this case, the sale price is up to you to decide, but you will also have to be responsible for wiping the phone and paying for shipment.
While Etsy is often known as a marketplace for uniquely crafted items, it can also be utilized to sell used products, a la eBay. Reselling your phone through Etsy will allow you to choose the sale price, but you will also be responsible for wiping your phone and paying for the shipment.
Additionally, there is a listing fee of $0.20, a 5% transaction fee, and a payment processing fee of 3% plus $0.25. Selling your phone through Etsy may be a good option for people who already have an account with Etsy, and don’t want to bother setting up an account with another site. Etsy also offers a seller protection policy.
While GameStop is more well-known as a video game retailer, it also buys used devices, including phones. You should first call ahead to your local store to ensure that the location is accepting used devices, and then you will have to visit the store to trade in the phone.
Typically, payment for used devices is offered in the form of in-store credit, but cash may be offered for select items.
Gazelle is an online marketplace that allows users to buy and sell used tech products, including phones. Gazelle will provide you with a quote, and then allow you to choose a prepaid shipping label.
You can choose your payment platform (e.g. PayPal, Amazon) and will receive payment for your phone within five business days of the item’s receipt at the facility.
How to Choose a Platform or Service
To choose a platform or service to sell your used phone through, you should consider the following factors:
- Do I have to wipe my data from the phone myself?
- Will I have to ship the phone or drop it off in person?
- If applicable, what shipping carriers can I use?
- If applicable, how much will the shipping cost?
- How much do I stand to profit?
- Do I already have an account or subscription?
- How long will I have to wait for payment?
- What form will payment take, and what platform can I receive it through?
If you choose a platform that requires you to list the item yourself, you will also need to determine a sale price.
How to Calculate a Sale Price
If you have to choose your sale price for your used phone, it can be helpful to utilize the following steps:
- Research the typical resale price of similar items in similar condition.
- Compare typical resale prices on various platforms.
- Consider any peripheral items you plan to include, such as a case or headphones.
- Consult an online value guide for used phones.
It is not only important to avoid shorting yourself from a pricing standpoint, but also to protect yourself from scams.
How to Avoid Scams
When selling used items, it is easy to run afoul of scams. You can reduce your chances of falling prey to scams by taking the following precautions:
- Use a secure platform.
- Choose a platform with seller protection policies.
- Only process payment through payment platforms supported by the website or app.
- Review the potential buyer’s profile for red flags.
- Be wary of any unusual payment requests.
- Do not click on unusual links.
- Do not send the product without receiving confirmation of payment.
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